M.Sc. Financial Mathematics

Kiel University (CAU) Kiel

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  • No tuition
    Tuition
  • Winter intake
    Intake
  • English
    Language
  • 4 semesters
    Duration
  • 15 Jul
    Next deadline

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About the programme

Financial Mathematics (Finanzmathematik) at Kiel University (CAU) is a single-subject Master's of 4 semesters, or two years. Banks and other financial institutions rely more and more on complex mathematical models to manage financial products and assess serious risks, and financial mathematics provides the scientific basis for this. You work on a broad range of questions, from the basic structure of financial markets and the choice of a sound, consistent concept of risk to the valuation of specific financial products and the quantification of risk with numerical methods. The methodological focus is on stochastics, numerics, optimisation and analysis, taught at the Mathematical Seminar. Ideally you bring a Bachelor's in mathematics, but another quantitative degree such as physics or economics works if you have very solid maths foundations and can quickly fill gaps, for example in measure-theoretic probability.

Fields of study

Mathematics(Mathematics & Statistics)
Finance & Banking(Business & Economics)

How to apply

ChannelVia uni-assist

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Requirements

What you need to apply for Financial Mathematics at Kiel University (CAU)

English language

IELTS Overall
7/ 9.0

German language

Maximum German grade(lower is better)
2.5

Academic requirements

Completed Bachelor's degree
Required
Minimum ECTS credits
180

ECTS are study credits. One year of full-time study is about 60 ECTS.

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APS verification

APS certificate
Required for Application

APS checks your degree papers. You need it if your degree is from India, China or Vietnam.

Prerequisites

For the 1st semester: Start in the winter and summer semester (winter semester recommended).

The prerequisite for admission to the Master's degree programme is a completed Bachelor's degree in the relevant field or an equivalent degree.

Good reading skills (C1 according to CEF) in English

  • Enjoyment of the analysis of complex issues
  • Ability to concentrate on work
  • Urge for clarity and self-criticism
  • Good knowledge of mathematics
  • Bachelor's degree (180 ECTS credit points) in mathematics with grade 3.0 or better, provided that contents, extent, and scientific level are comparable to BSc in Mathematics from Kiel University, or
  • Bachelor's degree (180 ECTS credit points) in another subject with grade 2.5 or better, if at least 30 credit points are in analysis, linear algebra, probability theory, and statistics, again with grade 2.5 or better (If necessary, admission can be granted conditionally under the condition that students take additional Bachelor's courses in the first two semesters of the programme.)
  • In any case, be aware that the mathematical level in the Master's programme in Mathematical Finance is very high. For an alternative Master's programme with a stronger focus on economics rather than mathematics, consider the Quantitative Finance programme: www.wiso.uni-kiel.de/de/studium/master/quant-fin (opens in a new tab)
  • Precise prerequisites can be found in §16 of the "Fachprüfungsordnung" (presently only in German: www.studservice.uni-kiel.de/sta/fachpruefungsordnung-mathematik-und-finanzmathematik-bachelor-master-1-fach.pdf (opens in a new tab))

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Documents checklist

What to prepare for your application to Financial Mathematics

Programme-specific documents

1.Application form

2.Passport Certificates

3. Bachelor Degree Certificate/Provisional Degree Certificate

4.Bachelor Degree Transcripts

5. Bachelor Degree Grading System Certificate

6.Secondary School Certificates(10+12)

7.SOP

8. LOR's

9.CV

10. ECTS Form(if any)

This programme applies via uni-assist. Submit your documents through the correct channel before the deadline.

Open application portal (opens in a new tab)

Apostille and notarization

Requirements vary by nationality and issuing country. Many German universities require certified translations and, in some cases, document apostilles. Verify current requirements directly with the admissions office, or use our document services for guided preparation.

Need help preparing your documents?

Our document preparation bundle covers SOP, CV, LOR, and translation coordination, reviewed by our team.

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How to apply

Step-by-step guide to applying for Financial Mathematics at Kiel University (CAU)

Application quick facts

Apply via

Via uni-assist

uni-assist checks your papers first. Then the university decides on your application.

Mode

online

APS

Required for Application

APS checks your degree papers. You need it if your degree is from India, China or Vietnam.

Application fee

75 EUR

Address

Central Student Advisory Service of Kiel

University Christian-Albrechts-Platz 5 (extension of the university high-rise)

24118 Kiel

Open application portal (opens in a new tab)

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Costs

Tuition

FREE

No tuition fees

Semester contribution

324 EUR

per semester

Application fee

75 EUR

per application

Estimated year-1 total cost

12,552 EUR

Includes tuition, semester contribution, and estimated living costs.

Plan your total budget for Germany

Use the MS in Germany cost calculator to estimate living expenses, insurance, and your full year-one spend.

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Admission outcomes

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